KAIRUIDE(SZ:002072)2025-06-12 11:10Group 1: Financial Performance - In 2024, the company's revenue growth exceeded 86%, but the total revenue was only approximately 627 million, which remains low [2] - The top five customers contributed 618 million to revenue, accounting for 98.6% of total revenue, with the top two customers contributing 88.8% [2] Group 2: Business Strategy and Development - The company is primarily engaged in coal trading and plans to expand its customer base and business scale through various methods, including online expansion and industry events [2] - The company aims to explore high-quality assets to improve profitability and ensure long-term development [2][3] Group 3: Restructuring and Mergers - The company has not ceased its efforts in mergers and acquisitions, actively seeking quality assets for restructuring [3] - The management is focused on identifying profitable growth opportunities that align with national policies and market trends [3] Group 4: Regulatory and Compliance Issues - The company is currently under investigation by the China Securities Regulatory Commission (CSRC), but operations are reported to be normal and orderly [5] - The company is cooperating with the investigation and is committed to resolving historical issues promptly [5][6]